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- OECD cuts forecasts to the global economy, warns of entrenched uncertainty
OECD cuts forecasts to the global economy, warns of entrenched uncertainty
In its latest report, the Organization for Economic Co-operation and Development (OECD) cut its forecasts for the global economy,:
2019 global GDP growth at 2.9% (previously 3.2%)
2020 global GDP growth at 3.0% (previously 3.4%)
2019 US GDP growth at 2.4% (previously 2.8%)
2020 US GDP growth at 2.0% (previously 2.3%)
2019 China GDP growth at 6.1% (previously 6.2%)
2020 China GDP growth at 5.7% (previously 6.0%)
2019 Eurozone GDP growth at 1.1% (previously 1.2%)
2020 Eurozone GDP growth at 1.0% (previously 1.4%)
2019 Japan GDP growth at 1.0% (previously 0.7%)
2020 Japan GDP growth at 0.6% (unchanged)
2019 UK GDP growth at 1.0% (previously 1.2%)
2020 UK GDP growth at 0.9% (previously 1.0%)
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